Oppenheimer Asset Management Inc. Sells 139 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Oppenheimer Asset Management Inc. reduced its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 15.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 770 shares of the restaurant operator’s stock after selling 139 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Domino’s Pizza were worth $398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of Domino’s Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after buying an additional 26 shares during the period. Czech National Bank boosted its holdings in Domino’s Pizza by 0.4% during the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after acquiring an additional 27 shares during the period. Insight Folios Inc grew its position in shares of Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after purchasing an additional 28 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after purchasing an additional 28 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Domino’s Pizza by 4.6% in the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DPZ shares. Royal Bank of Canada lowered their target price on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Benchmark dropped their target price on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Loop Capital reissued a “hold” rating and issued a $419.00 price target on shares of Domino’s Pizza in a report on Friday. Robert W. Baird dropped their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Finally, BMO Capital Markets decreased their target price on Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $507.93.

Domino’s Pizza Stock Up 0.7 %

Shares of NYSE:DPZ opened at $414.42 on Friday. The firm has a market cap of $14.45 billion, a P/E ratio of 27.05, a P/E/G ratio of 2.14 and a beta of 0.86. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75. The company’s 50-day moving average price is $425.01 and its two-hundred day moving average price is $472.53.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $3.08 earnings per share. Domino’s Pizza’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is 39.43%.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.